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Invest on Main Street with: Patrick Grimes
The 1% rule of real estate investing measures the price of the investment property against the gross income it will generate. For a potential investment to pass the 1% rule, its monthly rent must be equal to or no less than 1% of the purchase price, according to Rocket Mortgage. Patrick Grimes is the CEO and Founder of Invest on Main Street with holdings that include general partner ownership of a multifamily real estate portfolio valued over $416M, including 3,000+ units across the southeastern United States and Texas.
Patrick has been active in real estate investment since 2007, including purchasing land and distressed assets, renovating them, and stabilizing them for long-term cash flow. Patrick founded Invest on Main Street to help investors build wealth through tax-advantaged cash flow and appreciation while limiting their exposure to market volatility and inflation. All the while, providing a safer, cleaner and improved living experience for the residents.
On the Forbes Real Estate Council, he authors thought leadership articles and contributes to expert panels for Forbes on investing and commercial real estate
He co-authored an Amazon #1 best selling book, Persistence, Pivots and Game Changers, Turning Challenges Into Opportunities.
Patrick holds a BS in Mechanical Engineering and an MBA and a Master of Science in Engineering.
When not doing real estate, his company, Protomation Systems, LLC, contracts the design and build one-of-a-kind manufacturing automation and robotic systems. He is also an avid traveler, mountaineer, kite surfer, and adventure sports enthusiast. He joined me this week to tell me more.
For more information: https://investonmainstreet.com/
Get The Book: Investonmainstreet.com/book
Email: [email protected]/contact
Learn more about your ad choices. Visit megaphone.fm/adchoices
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By Kevin McShan
5
5454 ratings
The 1% rule of real estate investing measures the price of the investment property against the gross income it will generate. For a potential investment to pass the 1% rule, its monthly rent must be equal to or no less than 1% of the purchase price, according to Rocket Mortgage. Patrick Grimes is the CEO and Founder of Invest on Main Street with holdings that include general partner ownership of a multifamily real estate portfolio valued over $416M, including 3,000+ units across the southeastern United States and Texas.
Patrick has been active in real estate investment since 2007, including purchasing land and distressed assets, renovating them, and stabilizing them for long-term cash flow. Patrick founded Invest on Main Street to help investors build wealth through tax-advantaged cash flow and appreciation while limiting their exposure to market volatility and inflation. All the while, providing a safer, cleaner and improved living experience for the residents.
On the Forbes Real Estate Council, he authors thought leadership articles and contributes to expert panels for Forbes on investing and commercial real estate
He co-authored an Amazon #1 best selling book, Persistence, Pivots and Game Changers, Turning Challenges Into Opportunities.
Patrick holds a BS in Mechanical Engineering and an MBA and a Master of Science in Engineering.
When not doing real estate, his company, Protomation Systems, LLC, contracts the design and build one-of-a-kind manufacturing automation and robotic systems. He is also an avid traveler, mountaineer, kite surfer, and adventure sports enthusiast. He joined me this week to tell me more.
For more information: https://investonmainstreet.com/
Get The Book: Investonmainstreet.com/book
Email: [email protected]/contact
Learn more about your ad choices. Visit megaphone.fm/adchoices